Apple profit tops Wall Street target even as iPhone, China sales fall short
- Apple reported a record revenue of $124.3 billion for the holiday quarter, marking a 4% increase year-over-year, despite soft iPhone sales.
- Earnings per share reached $2.40, exceeding analysts' forecasts, while product revenue rose 1.6% to nearly $98 billion.
- Services revenue climbed 14% to $26.3 billion, reflecting growth in Apple's service offerings during the quarter.
- Tim Cook highlighted the potential of Apple's AI initiatives and noted a new all-time high in active devices across all products and regions.
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Total News Sources0
Leaning Left16Leaning Right16Center16Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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